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Great interview. Been invested a good while now bur one of the things I've struggled to get my head round is direct competitors. Great to hear Jon confirm that when it cones to non fossil ingredients, there isn't a competitor. That's very reassuring!
I still think we can expect future govt policy around micro plastics to give us a good knee up
Who says we are not competitive? Recent RNS' and presentations have said we are lower cost and better performance than the alternatives.
This was about a commercial deal where a customer was trying to chip the price and reduce our profits! John took the view that the deal wasnt something they could accept. I can only assume he did that as he is confident about the future, not because he wants to destroy his business.
I agree. It's definitely bad news in the short term, and so the SP has reacted.
But it's clear itx stopped the deal, not the other way round. That's very significant.
I guess we just have to trust that it was a correct long term business decision, and such up the temporary SP position. John doesn't come across as a hot head, so on balance I think this will prove to be in the long term interest of the business.
"I just topped up £20k"
Easy money for you, I suspect! The RNS certainly doesn't confirm the financial impact that the SP has just shown! Was tempted to do the same as you, but I topped up recently unfortunately.
The market might see this news as a problem, but it absolutely comes from a position of confidence and strength.
'Do business'... at any cost? Anyone can be a busy fool. What's the point of doing business for no, or little profit?
It is alarming, but at the same time can be taken to demonstrate confidence and protecting margins.
"Not many company's manage to marry the science with the market"
Its something they have only really cracked in the last few months I think. It was a message that came over more strongly in the most recent RNS.
And, still sat watching that presentation its all ' performance...cost..performance...cost..performance...cost....and sustainability.
It seems very muck like they are now absolutely dialled in and focussed on the way to take the formulations to market and drive their growth hard.
Sat here watching the presentation..
"...once you get formulated in, its very hard to get formulated out...".
It struck me this is a very nice way to understand why they can almost guarantee repeat business.
Well done to those discovering that ITX are now in global mega business products. I would bet that its the foot in the door with these behemoths that's the toughest bit to crack, so it really is very exciting confirmation in my view,
Yes, its nice to see, but for longer holders we are only regaining lost ground.
MCAP is still low. £10m in the bank (still), NO debt, 40% year-on-year growth, repeat customers, growing and new customers, the big spend in R&D done, innovative and cost effective product that the market is going to have to take up to some extent due to sustainability credential and government bans on plastics.
this is going one way. Just wish I topped up more. But thats greed, I guess.
Re-reading the RNS, I think its interesting to see that cost saving and performance of ingredients is mentioned twice, with sustainability almost presented as an additional bonus. Slight change of focus perhaps as ITX moves forward?
I suppose there are only so many brands that position themselves on the sustainability angle?
Knew I should have topped up!
Pleasantly surprised to see they are still sitting on the big pile of cash and yet still managed to get the growth that they did. Along with recent appointments, it does make me confident that they are ready to crank things up further.
Good business, well run and good products in a fast growing sector. Hopefully this rise will attract ethical/'trendy' investment funds in the US?